Fleet Mortgages releases new Product Range

Fleet Mortgages a new mortgage lender is about to launch offering HMO Products, Limited Company Products and Vanilla Buy to Let.

The launch of the range is expected to be in early December with products already sent to distributors.

Completion fee levels on the products range from 1% on all individual buy-to-lets, 1.5% on limited company and 2% on HMOs.

The Chief executive of Fleet Mortgages, said: “It is with great pleasure that we can officially announce this first Fleet Mortgages’ buy-to-let product range which is specifically for the intermediary market and has been designed in collaboration with many adviser stakeholders.

“Our aim has been to deliver a competitive product range which focuses on the needs of the experienced landlord. Plus we have not only developed products for individuals but have also sought to offer a range which caters for, what we think, is an underserved section of borrowers – namely limited companies and HMOs.”

Vanilla Buy to Let

2.79% 2 Year Fixed Rate at 65% LTV
3.29% 2 Year Fixed Rate at 75% LTV
4.29% 5 Year Fixed Rate at 75% LTV
4.79% 2 Year Fixed Rate at 80% LTV

LTD Company Buy to Let

4.39% 2 Year Fixed Rate at 65% LTV
4.59% 2 Year Fixed Rate at 75% LTV
5.29% 2 Year Fixed Rate at 80% LTV

HMO Buy to let Products
5.29% 2 Year Fixed Rate at 65% LTV
5.39% 5 Year Fixed Rate at 75% LTV
5.99% 5 Year Fixed Rate at 75% LTV

Criteria

Rental income over 125% at the intial rate.
Minimum loan of £25k and Maximum of £750k
Income of at least £25k
Minimum 5 Year Term

Source: Fleet Mortgages and Mortgage Solutions

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